AFTEX vs. RMUNX
Compare and contrast key facts about American Funds Tax Exempt Bond Fund (AFTEX) and Invesco Rochester New York Municipals Fund (RMUNX).
AFTEX is managed by American Funds. It was launched on Oct 2, 1979. RMUNX is managed by Invesco. It was launched on May 14, 1986.
Performance
AFTEX vs. RMUNX - Performance Comparison
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AFTEX vs. RMUNX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AFTEX American Funds Tax Exempt Bond Fund | -0.65% | 4.88% | 2.28% | 5.96% | -9.68% | 1.87% | 4.73% | 7.42% | 0.78% | 5.83% |
RMUNX Invesco Rochester New York Municipals Fund | -1.80% | 0.82% | 2.37% | 9.85% | -15.09% | 6.83% | 5.84% | 13.22% | 8.89% | 3.69% |
Returns By Period
In the year-to-date period, AFTEX achieves a -0.65% return, which is significantly higher than RMUNX's -1.80% return. Over the past 10 years, AFTEX has underperformed RMUNX with an annualized return of 2.08%, while RMUNX has yielded a comparatively higher 3.60% annualized return.
AFTEX
- 1D
- 0.16%
- 1M
- -2.60%
- YTD
- -0.65%
- 6M
- 0.77%
- 1Y
- 3.69%
- 3Y*
- 3.27%
- 5Y*
- 0.79%
- 10Y*
- 2.08%
RMUNX
- 1D
- 0.28%
- 1M
- -3.01%
- YTD
- -1.80%
- 6M
- -1.48%
- 1Y
- -0.23%
- 3Y*
- 2.30%
- 5Y*
- -0.01%
- 10Y*
- 3.60%
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AFTEX vs. RMUNX - Expense Ratio Comparison
AFTEX has a 0.50% expense ratio, which is lower than RMUNX's 0.78% expense ratio.
Return for Risk
AFTEX vs. RMUNX — Risk / Return Rank
AFTEX
RMUNX
AFTEX vs. RMUNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for American Funds Tax Exempt Bond Fund (AFTEX) and Invesco Rochester New York Municipals Fund (RMUNX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AFTEX | RMUNX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.11 | +0.85 |
Sortino ratioReturn per unit of downside risk | 1.31 | 0.21 | +1.10 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.04 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 1.05 | -0.21 | +1.26 |
Martin ratioReturn relative to average drawdown | 3.52 | -0.46 | +3.98 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AFTEX | RMUNX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.11 | +0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | -0.00 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.61 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 1.03 | +0.39 |
Correlation
The correlation between AFTEX and RMUNX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
AFTEX vs. RMUNX - Dividend Comparison
AFTEX's dividend yield for the trailing twelve months is around 3.04%, less than RMUNX's 3.17% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFTEX American Funds Tax Exempt Bond Fund | 3.04% | 3.98% | 2.90% | 2.22% | 1.75% | 2.31% | 2.43% | 2.83% | 2.86% | 3.30% | 2.90% | 3.21% |
RMUNX Invesco Rochester New York Municipals Fund | 3.17% | 5.30% | 4.81% | 3.77% | 3.03% | 3.24% | 3.32% | 3.43% | 3.40% | 4.34% | 6.01% | 6.55% |
Drawdowns
AFTEX vs. RMUNX - Drawdown Comparison
The maximum AFTEX drawdown since its inception was -14.55%, smaller than the maximum RMUNX drawdown of -36.55%. Use the drawdown chart below to compare losses from any high point for AFTEX and RMUNX.
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Drawdown Indicators
| AFTEX | RMUNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.55% | -36.55% | +22.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.51% | -7.76% | +3.25% |
Max Drawdown (5Y)Largest decline over 5 years | -14.55% | -21.81% | +7.26% |
Max Drawdown (10Y)Largest decline over 10 years | -14.55% | -21.81% | +7.26% |
Current DrawdownCurrent decline from peak | -2.60% | -5.53% | +2.93% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -3.25% | +1.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.34% | 3.84% | -2.50% |
Volatility
AFTEX vs. RMUNX - Volatility Comparison
The current volatility for American Funds Tax Exempt Bond Fund (AFTEX) is 1.00%, while Invesco Rochester New York Municipals Fund (RMUNX) has a volatility of 1.69%. This indicates that AFTEX experiences smaller price fluctuations and is considered to be less risky than RMUNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFTEX | RMUNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.69% | -0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.63% | 3.02% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.58% | 8.49% | -3.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.72% | 6.59% | -2.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 5.97% | -2.20% |